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Section 24-6-506 - Method of collection — Arkansas Law | CourtGPT
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  4. Title 24 - Retirement and Pensions (§§ 24-1-101 — 24-12-204)/
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  6. Subchapter 5 - Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan/
  7. Section 24-6-506 - Method of collection
Arkansas Legal Code

Section 24-6-506 - Method of collection

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A participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan shall receive, at the option of the participant:(1) A lump-sum payment from the plan account equal to the payments to the plan account;(2) A true annuity based upon the plan account of the participant; or(3) Any other method of payment if approved by the Board of Trustees of the State Police Retirement System.Acts 2009, No. 1242, § 4.

A participant in the Arkansas State Police Officers' Tier Two Deferred Retirement Option Plan shall receive, at the option of the participant:(1) A lump-sum payment from the plan account equal to the payments to the plan account;(2) A true annuity based upon the plan account of the participant; or(3) Any other method of payment if approved by the Board of Trustees of the State Police Retirement System.Acts 2009, No. 1242, § 4.